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EQUITY
Post Session: Quick Review
Jul-30-2026

Indian equity benchmarks ended higher with notable gains in lackluster trading session on Thursday amid foreign fund inflows as foreign institutional investors remained the net buyers of securities worth Rs 2,981.87 crore in yesterday’s session. Markets made a cautious start and remained range-bound throughout session amid brent crude oil prices hovering around $91 per barrel mark, which sparked fears of slower economic expansion and high inflation. But, markets gained some momentum in dying hours of trade on account of value buying in Auto and Energy counters.

Some of the important factors in trade:

India-US BTA first tranche to come into operation as India gets comparative advantage: Some support came as Commerce and Industry Minister Piyush Goyal said that the first tranche of the bilateral trade agreement (BTA) between India and the US will come into operation as soon as the United States is able to ensure that India gets a comparative advantage over its competitors.

Index of Services Production shows 16 sub-sectors recorded positive growth in May: Traders took encouragement after the Ministry of Statistics & Programme Implementation (MoSPI) released the second Trial Index of Services Production (ISP) for May 2026 with 2024-25 as the base year, covering 19 service sub-sectors. It stated 8 of the 19 sub-sectors recorded double-digit year-on-year growth in May 2026, while 16 sub-sectors registered positive growth compared with May 2025.

GST implementation strengthens state governments’ tax revenues, improves tax buoyancy: Traders took note of report that India Ratings and Research (Ind-Ra) has said that the implementation of the Goods and Services Tax (GST) has significantly strengthened state governments’ tax revenues and improved tax buoyancy, with Maharashtra accounting for the highest share of state taxes post-GST, supported by strong domestic consumption and a presence of large services sectors.

Mixed global cues: Asian markets ended mixed amid escalating Middle East tensions. European markets were trading higher after data showed Eurozone’s industrial confidence improved more than expected in July 2026.

The BSE Sensex ended at 77928.15, up by 273.55 points or 0.35% after trading in a range of 77440.91 and 78007.09. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.58%, Energy up by 0.73%, Consumer Discretionary up by 0.48%, Oil & Gas up by 0.38% and PSU up by 0.26%, while Realty down by 2.10%, Capital Goods down by 0.61%, Industrials down by 0.42%, Basic Materials down by 0.39% and Healthcare down by 0.22% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Mahindra & Mahindra up by 2.01%, Maruti Suzuki India up by 1.77%, Reliance Industries up by 1.10%, Power Grid up by 1.03% and Tech Mahindra up by 0.96%. On the flip side, Adani Ports &Special down by 3.46%, Ultratech Cement down by 1.32%, Interglobe Aviation down by 0.94%, Bajaj Finserv down by 0.82% and Bharat Electronics down by 0.68% were the top losers. (Provisional)

Meanwhile, at a time when threat of additional tariffs looms in front of India for buying Russian oil, the think tank Global Trade Research Initiative (GTRI) has suggested that decisions on crude oil imports should be guided by India's economic interests, energy security and strategic autonomy, rather than the threat of additional US tariffs. Recently, the US Senate voted to advance a Russia sanctions bill that could authorise US President Donald Trump to impose tariffs of up to 100% on countries buying Russian oil, including India. 

With US steadily expanding its use of trade and economic measures to pursue strategic objectives, GTRI has suggested that India should continue sourcing Russian crude as long as its commercially viable, while managing differences with Washington through dialogue and negotiation. 

Highlighting the impact of Russia sanctions bill, it noted that India could face greater pressure under the proposed legislation despite China being the world's largest buyer of Russian crude oil. It pointed that Russia is India's largest oil supplier and access to discounted Russian crude has significantly lowered the country’s import bill, supported energy security, and helped contain inflation. In FY26, Russia supplied 30.3% of India's crude oil imports worth $40.8 billion out of total crude imports of $134.7 billion.

The CNX Nifty ended at 24317.15, up by 66.95 points or 0.28% after trading in a range of 24187.10 and 24342.95. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were Mahindra & Mahindra up by 1.92%, Coal India up by 1.74%, Eicher Motors up by 1.72%, Maruti Suzuki India up by 1.72% and Tech Mahindra up by 1.51%. On the flip side, Adani Ports & SEZ down by 3.23%, HDFC Life Insurance down by 2.03%, Shriram Finance down by 1.68%, Ultratech Cement down by 1.26% and JIO Financial Services down by 1.01% were the top losers. (Provisional)

Asian markets ended mixed on Thursday as investors’ focus shifted to the US PCE price data due later in the day that might provide further insights into the inflation outlook and the likely path of interest rates. Meanwhile, investors remained cautious as the United States carried out fresh strikes on Iran, further intensifying a five-month-old war that is spreading beyond its main fronts to embroil more countries across the region. Chinese shares fell, led by steep declines in technology, artificial intelligence, and semiconductor hardware sectors amid valuation concerns. South Korea’s Kospi index dropped as Samsung Electronics’ better-than-expected earnings failed to calm market jitters and the government announced additional measures to stabilize the local stock market and curb retail access to single-stock leveraged exchange-traded funds (ETFs) after a severe market rout wiped out billions of investor dollars. Japanese markets rose as semiconductor shares rallied after Advantest issued a stronger-than-expected profit outlook.

European markets were trading higher; UK’s FTSE 100 increased 10.52 points or 0.1% to 10,918.93, France’s CAC rose 77.73 points or 0.92% to 8,486.00 and Germany’s DAX gained 26.52 points or 0.1% to 25,487.00.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,804.69

-23.78

-0.62

Hang Seng

25,858.88

50.96

0.20

Jakarta Composite

6,186.36

94.97

1.54

KLSE Composite

1,720.40

4.84

0.28

Nikkei 225

61,867.43

433.24

0.71

Straits Times

5,673.58

-39.61

-0.69

KOSPI Composite

5,593.56

-69.68

-1.23

Taiwan Weighted

39,933.30

-105.88

-0.26
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